Services

What We Offer!

Audit

Auditing

Our primary objective is to provide a framework for the application of an effective & efficient audit approach for all types of engagements.

  • Management Audits which include examination of the achievements of the organizational objectives in relation to all over the management system of planning, organizing, controlling and evaluating.
  • Auditing is pursuance of a Specific Contract.
  • Investigative Auditing with respect to appointment as Inspectors under Companies Act 2017
  • Internal Audit
  • External Audit
  • Special Audit
  • Systems and Operations Audit
  • Due Diligence Audit
  • Sales Tax Audit
  • Forensic Accounting and investigation

Taxation

FSCO is one of the leading firms providing Tax Services to both Government and Private sector. The tax team is committed to provide clients with highest Standards of Professional Counsel and the Direction in all the diverse practice areas.

  • Filing the Corporate and Personal Annual Income Tax Returns with Pakistan Tax Authority (Federal Board of Revenue – FBR) and Corporate Annual Income Tax Return (Form 1120) with United States of America’s Tax Authority (Internal Revenue Services – IRS).
  • Filing of various periodic statements & returns with federal and provincial tax departments of Pakistan & filing of Corporate Franchise Tax Returns with tax authority of United States of America.
  • Compliance work at both assessment & appeal stage with Pakistan tax authorities.
  • Registration of various federal and provincial tax authorities.
  • International & cross-border tax advice with due consideration of guidelines for General Anti-Avoidance Regulations (GAAR) and tax treaties.
  • Tax planning involving complicated models like transfer pricing under OECD guidelines etc.

Clients are constantly kept updated through commentaries, memos, and circulars.

Corporate & Secretarial Services

A complete set of services is offered for the incorporation of companies (Private & Public) including drafting of Memorandum & Articles of Association. We are also helping our clients in filing (electronic/manual) of various statutory forms and statements with government authorities.

The firm also assists in obtaining permission in case of specialized companies from the Ministry of Finance, State Bank of Pakistan, and Securities & Exchange Commission of Pakistan (SECP). The firm also provides comprehensive services to foreign principals for registration as a branch with Securities & Exchange Commission of Pakistan together with necessary application to and approval of various Government Authorities.

Secretarial services in respect of the allotment and transfer of shares within the company and subsequent issue of share certificates; the organization and the preparation of documents for capitalization and the issue of right shares, the maintenance of registers of members, directors, transfer and allotment of shares, mortgages and charges; the preparation and filing of all statutory returns required by the registrar of companies and other government authorities.

Secretarial services also include representation on the behalf of clients to financial institutions, Registrar of Companies, Securities & Exchange Commission of Pakistan, Monopoly Control Authority, Controller of Capital Issues, Modaraba Companies, Religious Board, Federal Board of Revenue, The Stock Exchange, and other functionaries.

Actuarial Services

Our firm provides Actuarial Services in the following areas:

  • Carrying out actuarial valuation of all type of employees benefits (such as Pension, Gratuity, Compensated Absences, Free Medical Benefits etc.)
  • Prepare accounting disclosures for financial reporting purposes according to the requirements of IAS-19, FAS-87, IPSAS-25 etc.
  • Preparing Trust Deed and Rules of all types of employees benefits.
  • Valuation of statutory reserves (such as IBNR, UPR, PDR etc.) for Life and General Insurance Businesses.
  • Pricing and Profit Testing of Life and General Insurance product.
  • Compliance with IFRS-4.

Enterprise Resource Planning (ERP)

We are offering our clients to build and implement IT Software(s) to streamline the business processes within their organizations and to get benefited from the technology. We have certified Oracle implementation experts who can help the large organization to design and deliver complex solutions – including report development, customized forms and Integration through SOA.

  • Our offerings include:

    • Design Reviews
    • Small Business Solutions
    • Build Implementation of Oracle support services.
    • Health Check Assignments
    • Business Processes Reviews
    • IT Audits & IT Control Assignments

Clients are constantly kept updated through commentaries, memos, and circulars.

Management Consulting

Apart from above services, the firm also provides management consultancy services. Our clientele includes individual and corporate both from private and public sectors.

We use the project management and delivery methodology. This helps organizations to create new systems and processes for situations that demand precise integration for business planning, systems development and base implementation. Compared with traditional methods, we use shorter project phases. This brings benefits to the base quickly, and then builds incrementally on the established base. Our consultancy methodology reflects new realities in the business; speed, cost effectiveness and quality must all be combined as the organizations do not have to wait for years for competitive advantages.

management consultation
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Let Fahad Sheraz & Co. help your business with Accounting, Taxation, Auditing, and other valuable services. 

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